Performance of Challenger Banks/Neobanks* Worldwide During the Coronavirus Pandemic, Jan-May 2020 (growth index**)
Growth rates are based on the index scores from the beginning of January 2020 to the end of May 2020.
Data is from a June 2020 The Fintech Consulting Group (Fincog) report as cited in company blog. The Fincog Challenger Bank Index tracks 100 of the largest challenger banks worldwide on a monthly basis and is based on search frequency (i.e., number of Google searches) as a proxy for traction. The Fintech Consulting Group (Fincog) is a consulting services company offering strategy consulting, market research, and commercial due diligence in financial services.